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Threshold Tuesday Morning
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Threshold Tuesday Morning

by The MoleJune 16, 2015

The getting is good this morning as the spoos have once more descended toward their bearish inflection point. From there we’re gotten a little bounce which means we are long now with a stop below the NLSL shown below:

2015-06-16_spoos_briefing

This is a textbook entry guys and I’m taking it now. Our inflection point is 2062.5 – a slicde below does not guarantee it’s falling off the plates but at some point the gist will be up. Meaning I will take the risk of being whipsawed given the downside potential. A lot of pent up momentum and frustration has accumulated over the past three months. The final release will be glorious.

Translation: Long right now with a stop below 2062.5. Short below 2062.5 with a stop above the 25-hour SMA.

2015-06-16_AUDUSD_briefing

The AUD/USD is in shake out mode but has accumulated a lot of support below on the daily panel. Looks like a decent long here near the 100-hour SMA – I’m putting my stop below 0.77.

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You have been briefed – now have fun but keep it frosty. See you guys later this afternoon.

Cheers,


About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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